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Critique of Bailout by the Center for Responsible Lending

by Ross Kilburn, DHC

The Center for Responsible Lending is leading the pushback against the government’s proposed $700 billion housing bailout: The government plan announced by Treasury Secretary Paulson and Fed Chairman Bernanke fails to deal with the root cause of the crisis—families in foreclosure̵

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Will the Homestead Act Save My House?

by Ross Kilburn, DHC

Unfortunately, in Washington State, our homestead exemption does not apply to mortgages that are taken out on your home. The homestead exemption serves to protect the equity in your house when you file bankruptcy to deal with ‘unsecured’ debt like credit cards and medical bills. On th

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New Federal “Hope Now” Agreement Announced

by Ross Kilburn, DHC

The federal government, for a large part, has stood by while millions of Americans fell into hard times with their mortgages. While a bailout was quickly arranged for one of the top financiers of the credit fiasco, the homeowners have been blamed by the administration for causing their own proble

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FHA Drops Restrictive Property-Flipping Rule

by Ross Kilburn, DHC

Finally, the Federal Housing Authority is coming to their senses. They have suspended a rule established in 2003 that prevented people from buying foreclosed homes with government-backed mortgages within 90 days of a recent sale. “A glut of foreclosed and abandoned homes harms neighborhoods

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"I had called WAMU every day with no luck. WASHFA helped me get the loan modification I needed, within days."
   
 
P. White
Seattle, WA
 
"I have never seen a team work so hard to help their clients succeed. WASHFA will stop at nothing short off success."
   
 
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John L. Scott
 
"When my clients need a loan modification or a short sale, I refer them to Washington Foreclosure Assistance. They're the best."
   
 
S. Friedman
Re/Max on the Ridge
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